Ipo, insiders with a chance to sell after the lockup expires. The stock down almost 40 this year. Can we make a crossborder deal . Germanys buyer acquiring mercks consumer business. The president of france throws a wrench or tries to in ges plan to try to buy alstom. Can hollande convince ge to sweeten the offer . Apple trading above 600 since 2012, push for upgrades, new products incoming, are we in for a sweet spot for apple shares . A crucial morts for general moto motors. Another engineer exits. Jim says now is the time to buy. It has been a long road for shares of apple. The stock closele above the 600 mark since october of 2012, comes two weeks after apple announced the seven for one stock split, better than expected numbers and expansion of the Buyback Program from 60 billion to 90 billion. The low, 388. The high 702. Closer to the 702 at 600. I think that tim cook listed on to carl icahn, he listed on to a lot of things a lot of people were saying and distilled it and recognized its not just the buyback. Its the opportunistic, thats the word he uses, opportunistic buybacks. You see a lot of stupid buybacks. When theres a lot of supply, the apple buyback is in. They are not in there just kind of oh, lets do 100,000 a day. They are being positioned, they are sopping up supply. This is the kind of genius buyback that a lot of execs should Pay Attention to. Because most of them just do this desle terrorry buying. No. Think about it. Cook is. Right. Theyre buying more stock than has ever been bought by a company in history because they have the largest market cap and cash of any company, almost all of it, most of it overseas, theyre borrowing here to actually fund the buyback. That will continue. The bigger question, what do you got for me now in terms of new products. Theres a person who starts there today, aaron, from burberry. I want you to go to salesforce. Coms website and see what arent did when at burberry. The presentations, the way the excitement. The Retail Stores for apple were not a bright spot this quarter. This person, this former ceo, has probably the best Digital Strategy ive ever seen for retail. Im talking about what has apple lacked . Its lacked pizazz. You get new product, pretty much weve been hearing that from tim cook and the best salesperson on earth who understands digital. That explains a lot of the stock. Theyre paying her 113,000 rsus to come over, priced at 600, thats 68 presplit. 68 million over the next four years as she begins shes already started in cooper tino. The journal heard on the street looks at the Stock Pattern between q2 earnings and the launch of a phone in the fall and on average last few years up 16 . Buy in may and go away. It really is an extraordinary thing to have apple on its game, and both financially and i believe new product, but most important, we have you know, when you look at apple and go to the stores, you know, the stores, theyre okay. Do you remember when the Stores Opened how exciting it was. Very exciting. Look for excitement, but it will be on your handheld. Your handheld will just its going to explode. Its going to have will it become a pyramid made of glass and i can walk into and buy something from . They will have neat pyrotechnics. I see. You will be excited. Youll walk in the store, they will know. It will be starbucks like in terms of you know what they want. I urge people to go to the sales force presentation. Because ahrendts is a marketer like no other in terms of the digital world. Lets not forget still trades at a low multiple, buying back a lot of stock, and this is a market where that is being not necessarily the buyback but lower multiple stocks are performing better than their higher multiple brethren which could take us to twitter. Maybe, you know, look dont forget, i mean carl icahn is still loving it. A lot of people thought he would sell. Nope. Hes not selling. That matters to me. That was on scott wapner. I said that stock is going to roll because hes not out there selling. People who are selling is the question for twitter. The lockup period for hundreds of millions of shares held by insiders has expired and now eligible for sale as of the open this morning. It was six months ago twitter priced its ipo at 26 a share and we asked dick costolo about that indicating he and cofounders jack dorsey and Evan Williams had to plans to sell their shares and who else might be on board . Benchmark one of our early investors announced they have no plans to sell and frankly, after speaking with most of our major investors that were with the Company Since prior to the ipo, many of those investors have declared that they have no intention to sell. We feel great about that. Its frankly one of the reasons, probably the primary reason well, have decided and announced we wouldnt we have no current plans to have a secondary offering. I think back to zuckerberg who actually gave a time period. He said i wont sell until september. I forget of which year. We tried to get costolo to bite on that. All he would say is no current plans. Look, lets cut to the chase here. Theres so many individuals who have low basis and its not a question of wanting to sell. Its a question of some executives saying look, our stock is undervalued at a certain price and if it gets to x you know what, im a buyer, not a seller. The way to be able to stop Insider Selling is to turn buyer. After six months, remember, the rules are you can even if you sold, you can buy it back. Right. 16b3. I think this is going to be under pressure. Theres lots of i believe desks positioning, meaning their banging the stock down short to cover, thats allowed, to be able to cover on Insider Selling and look, it wasnt like the company delivered a fantastic quarter. The doovers here, yesterday was the kind of the amazon deal, we get another 30, 40 deals like that and next thing you know you have a stock or if you get user growth metrics that start to really show Significant Growth yet again. Which we didnt have. Year over year you may create more demand for the shares to which they could sell without crushing the stock. Whenever you see Monthly Average users over timeline, new metrics, new metrics means sell. Theres this old metric that i keep falling back to, its called earnings per share. I dont totally out of snishgs never heard of it. You have to qualify that. Talking gap earnings. Talking gap, then youre really before stock issued execs. Amazon, then youre xing out a number of companies. Well, i think that there are a number of companies in 2000 that if you as striked them and knew what the real earnings were i like Free Cash Flow. A great measure. Its coming to me. Free cash flow and look at cash position. Some of the companies are doing quite well. Enterprise value, theyre too high. Its not catastrophic. Theres a lot of bubble articles in the times, david leanhart. Where was he february 26th when the bubble popped. The first week of march when the plug power bowers popped. You have the speculative single digit players popped, you have the sales force. Com being the gateway february 28th Conference Call where the stock goes 68 and then to 58 and dont look now. And that it popped. Maybe if hes charters, the head and shoulders pattern are hideous. Im not going to come down and say a stock down 45 like Tablet Software symbol data is a screaming short. I just cant do it. It wasnt screaming short when at 102. 52, 55, screaming short, i dont know. I like them higher to short, not lower. Right. Athena still high. I get that. Im thinking einhorn. You and i thinki ing einhorn at that time. Im giving you a green light to that thought. He would say theres plenty of stocks throughout, 3 billion market cap should be 300 million. I think that the one hes after, somehow i was linked to it, which bothered me, i was saying sell the high mult. S, wasnt a cloud stock, im easily trashed, i think you dont want to own the cloud stocks on any lift. If you take a look, this is the cost level among longs today. They need this higher. Youll see a pattern of a drop of say 6, 8 and a flip of 2 and sellers come back. This has been a pattern for four different moves. Can that be broken. I dont know. I dont know if its a bubble in m a and prices being paid are awfully high. Merck one example, agreeing to sell its Consumer Care business to bayer for 14. 2 billion. That makes the company the second largest overthecounter drugmaker after johnson johnson. Brands including claritin and yaf trin and dr. Scholls and coppertone. An interview with mercks ceo ken frazier later this morning on squawk on the street. Jim, you and i have been talking about this. We mentioned it yesterday. I know a number of bankers who had the competing bid that was well below the winning bid. Well below. When i look at the metrics here, 21 times ebitda, 2. 2 billion in sales, selling for 14. 2 billion. Yes, there are significant synergies that they are citing here. See some of them. 200 million a year in cost synergies. There was theres even more than that as well. But, you know, not off the bat but this price this price is enormous. When merck bought scheringplough for 41 billion five years ago a sense that this division, dr. Shols, coppertone might have been worth 3, 4 billion. When i spoke to fred, the retiring ceo, he said merck is really buying this company for our drugs, the pipeline. Well, 41 billion, 3 billion in synergies the first year, another 15 here. Maybe the merck deal which a lot felt was a mistake wasnt so dumb afterward. At 14. 2 i have to say that was well above what people were expecting when the auction began, which is some time back already. And you can i mean 21 years of ebitda is a lot. Take that number down when you include some of the synergies they expect to get. Thats a big number. A lot of these products are under tremendous from parago from private label and i dont think the Consumer Product section is worth as much as buyers paying. Buyer clearly knows its for merck, of course, which says its going to put some of the money into obviously Drug Development in particular, this melanoma lung cancer therapy. Hepc. Frazier regarded as a bit tepid ceo has come on, i think hes done a great job in the last six months. Since the stock was at 46. 47 put his money where his mouth is and started buying shares. Buyers talking about revenue synergies. We didnt include that of about 400 million by 2017. Ken coming on . Phraser from merck. Interesting to talk to him. Sensational. So much to ask. They hit it out of the park with the number they got. They did. Theyre talking about msd, im sorry putting money into the mk 3475 which is an investigational antipd 1 immune no therapy in patient with advanced melanoma and small cell lung cancer. Sherring has a remarkable bipolar drug merck was supposed to develop because it doesnt have weight. Were not seeing that yet. Merck has a full plate, lot of 400, 500 million drugs. Single and double hitter. Theyre jeter. Okay. They are not a swing for the fences company and there are a lot of singles and doubles in that sherring pipeline being split. He has hit a couple home runs. What thats not Jimmy Rollins . No omar quintanilla. No. Nobody can really replace quintanilla. We lost playing in miami. We managed to lose last fight. Did you catch this . Were not supposed to diverge. When we come back cramer says this is one of the crucial moments when it comes to gm. Find out what hes talking about and what it might mean for the stock. Luxury retail giant on cnbcs first 25 list of the most influential Business Leaders in the past quarter century, Bernard Arnault will join us live from paris. One more look at futures. Another turnaround tuesday as they call it . Well have to wait and see. More squawk on the street from post nine in a moment. St nine i man speaking jananese its called truecar. And truecar users. Save time and money. So when youre. Ready to buy a car, make sure you. Never overpay. Visit truecar. Com today. Improving everything from booking to baggage claim. Were raising the bar on flying and tomorrow well raise it yet again. As much as gm keeps getting hit with bad press, including a brand new recall Just Announced today for 52,000 suvs with flawed fuel gauge software, as much as the media seems to be eating these guys alive and as much as today we have a highprofile resignation of the engineer involved in the original recall, i think this is one of those crucial moments you have to be a buyer, not a seller. Thats right. Im telling you to buy General Motors right into the teeth of this recall controversy. Jim cramer on mad money last night. One of the reasons 3. 5 yield you call notoriously b. I. G. Indeed. I dont want to make light of the tragedies of the terrible deaths that have been caused by this, but this recommendation based on two things you saw on cnbc. One is kyle bass empirical work on the accidents that occurred and your interview. The second was a little known i felt not concentrated on snippet from warren buffet when becky talked about gm where he said that barra could run any of his companies, he thinks the world of her, theyre talking about 5 in earnings power no incentives this quarter, ahead of in europe to ford, gm business very, very strong. This is a company that people have decided is going to be bp and its not going to get bp. Also, one of the big three, one that beat expectations on march sales. 6 . I mean geez, you look at this company and think, shouldnt they have had sales down 10 . Theyre offering some incentives today but the one i look at General Motors, i think to myself, heres a company that has had the worst Headline News in this era and its still ticking. More than ticking. I mean its only 6 bucks below it 52week high. Remember how bad when toyota had that problem. Sales plummeted. Sales should have plummeted and didnt. Maybe sometimes what doesnt happen is a chairen call. Well get cramers mad dash, count down to the opening bell and one look at the premarket on this tuesday. More squawk on the street live from the nyse straight ahead. [ girl ] my mom, she makes underwater fans that are powered by the moon. She can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. My mom works at ge. In todays market, a lot can happen in a second. With fidelitys guaranteed onesecond trade execution, we route your order to up to 75 Market Centers to look for the best possible price, maybe even better than you expected. Its all part of our goal to execute your trade in one second. Im derrick chan of fidelity investments. Our onesecond trade execution is one more innovative reason serious investors are choosing fidelity. Call or click to open your fidelity account today. Tuesday, about eight minutes to go before we open trading on this tuesday. Time for our mad dash. When i think eog i think jim cramer. Thank you. This is a stock you have talked about numerous times on mad money and also right here. Its been my favorite. Mark pap retired ceo, set a pace of 40 growth. David, when we talk about these cloud and software as a Service Companies, some of them are averaging 35, 40 growth. Tabblo 80 . I should have said that. Eog, kind of fooled a lot of people. Stands for enron oil and gas, but it hasnt been that in so long so people dont understand. Permian, theyve got the delaware basin. Looks like thats going to be the third leg of a threelegged stool. Best assets. 3,000 Barrels Per Day in eagleford and bakken, ramping spending. People thought they were going to ignore bakken, so much more, bakken being north dakota, in texas. Its a remarkable story. What have we heard that has the stock up over 4 . One of those where they released the results and then do the Conference Call. The results, mpap was not a showman. The new ceo, eog reports outstanding results. Some people who are critical. Thats the way that pioneer does it. Enron oil and gas, eog is the best. Return of capital in the Airline Industry, amazingly enough is now a story weve been talking about for a while and its happening. Again and again. We talked all of our lives, david, about cost. The whole idea hard to imagine theyre talking about a dividend boost of 50 . Returning 2. 75 billion. Talking about cash machines. Now theres a lot of people saying wait a second which industry . This is the airline say that again. The airline. The Airline Industry a cash machine. Branson talking about how there could be more competition examining because amr, american airlines, has to divest. Thats Justice Department. We know frontier is starting to fly from different places. Brian sullivan lives near trenton, starting to fly to milwaukee. How nice for him. And thats what im going tore. Just these what youre starting to break down the competition is coming, that trenton to milwaukee line, says stay long delta. American is my favorite incredible american incredible contributed to david tepper being able to make over 3 billion last year, given his large ownership in the debt of american. Incredible what happened there. But obviously delta, 112 rise. They bought the refinery, theyve got great labor relations. At least the company says that. But doug parker at american, still my favorite as much as i like delta. Just because the possibility of a 6 number there for earnings power is very much here and i think that stock goes to, are you ready . 60. Amr. 60. Yes. Whole idea of capital return in this industry is still something im not getting my head around. Im not backing away. Cost of capital never theyve always had to compete, but the antitrust the protrust division of the Justice Department lets them i saw attorney general holder this week. Used to jab him about that. Having solvent air carriers is not a bad thing. The opening bell about five minutes from now. Were back with more squawk on the street after this. Reet af. The state of Luxury Retail, their interview with o